Realtist Women's Council of IL |
With unprecedented times comes unprecedented efforts! With this in mind, please visit this page as often as needed to find resources for your family and your business! Please let us know if there is anything we can do to support you!
SBA Disaster Assistance Loans
The SBA recently announced they will be providing Disaster Assistance Loans for Small Businesses impacted by the Coronavirus as states request an Economic Injury Disaster Loan declaration. LEARN MORE
Chicago Small Business Resiliency Fund
The City of Chicago recognizes that Coronavirus (COVID-19) has put a difficult burden on the small business community. As a response, the City is establishing a $100 million Chicago Small Business Resiliency Fund, which will help to provide small businesses with emergency cash flow during this immediate health crisis. Funds will be provided to eligible businesses as low-interest loans. Find out more HERE
Facebook Small Business Grants Program
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries. More information will be available in the coming weeks, but sign up for updates here to be the first to know. LEARN MORE.
ComEd offers services that help those in need of energy assistance. We recommend calling ComEd to find out what services they may provide that can help you alleviate the stress of making payments while the nation is going through the current Pandemic. Click HERE for more information.
People's Gas: Bill payment arrangement options and financial assistance – If customers are having difficulty paying their bill, we will work with them to arrange a payment plan or discuss financial assistance options. Customers can find additional information on our website or by calling 866-556-6001
Nicor Gas: LIHEAP, Do you or anyone you know need assistance paying their utility bill? Funds are still available until 5/31 from the Low Income Energy Assistance Program (LIHEAP). Please visit liheapillionois.com or call 877.411.9276 for more information. CLICK HERE FOR MORE INFORMATION
American Red Cross offer's many resources like the Emergency Fund, Salvation Army and Catholic Charities, you can visit Additional ResourcesFree/Low Cost Internet: Various broadband providers and mobile carriers are offering free or low-cost access in response to the COVID-19 pandemic. The National Digital Inclusion Alliance has information on providers and programs offering free or low-cost broadband. Please visit the DCEO website for more information.
City of Chicago Rental Assistance: Who Can Receive These Services? For more information Click HERE
Persons who may be eligible include households that are in immediate risk of homelessness. The household must document a temporary economic crisis beyond its control and must be able to demonstrate an ability to meet the prospective rental obligations after the assistance has been granted based on current or anticipated income.
What Assistance is provided?
This program does NOT provide security deposits.
Cook County Sheriff - Financial Assistance Rent & Mortgage Click Here
Department of Education: What you should know about Federal Student Loans - Click Here
We have been told, that the following companies, are currently waiving up to 2 months of bill payments, this information can change, so be sure to get in touch with your creditor's immediately:
If you have any bills that are actively reporting to your credit, please call them and tell them that you live in an area affected by the corona virus. Bills will be waived for up to 60 days with no late payments.
Capital One
Ally Financial (Auto & Personal Loans)
Metro PCS (Call 611)
Sprint (call 611)
T-Mobile (call 611)
Navy Federal
All Comenity Bank Subsidiaries...etc. Victoria Secret, Bed Bath & Beyond, Ashley Stewart, HSN, New York & Company.
Com Ed
Additional Companies, may choose to follow suit, check back for additional details.
Fannie Mae Guidance Doing Business with Lenders (Temporary Guidance for Originator's regarding VOE and Appraisal's) please check directly with your lender, as each can still have their own overlay's.
Fannie Mae Assistance Options for Homeowner's During COVID - 19 Click Here
Freddie Mac Assistance Options for Homeowner's During COVID - 19 Click Here
If you are a current Homeowner, and your loan is not owned by Fannie Mae or Freddie Mac, you will want to go to your Servicer's website or google your servicer name and add COVID, typically, we find that there are instructions regarding any assistance that servicer may provide. It is important that you understand what FORBEARANCE means, please be sure to read the guideline's and know how a forbearance will impact future payments.